Powell offered a lift to US stock markets but there was some mid-day angst along with signs of sector rotation into pro-cyclical small caps.
Closing changes on the day:
S&P 500 +1.2%Nasdaq Comp +1.5%DJIA +1.2%Russell 2000 +3.1%Toronto TSX Comp +1.1% (record high)
On the week:
S&P 500 +1.4%Nasdaq Comp +1.4%DJIA +1.3%Russell 2000 +3.4%Toronto TSX Comp +4.1%
The S&P 500 is now just 0.6% away from the all-time high.
This article was written by Adam Button at www.forexlive.com.
